Iran and Russia Consider Issuing Gold-Backed Stablecoin, Officials Unveil.
18 Jan 2023, 08:00
Iran and Russia Consider Issuing Gold-Backed Stablecoin, Officials Unveil
Tehran and Moscow are discussing the possible launch of a stablecoin for international settlements, the Russian press revealed. In order to mint the gold-backed currency, however, authorities would need to first regulate crypto assets, a lawmaker noted.
Russian, Iranian Representatives Talk Using Gold-Backed Stablecoin in Foreign TradeIran’s central bank is considering the possibility of creating, with Russia’s participation, a digital token to facilitate trade in the Persian region, according to a report quoting the head of the crypto industry organization in the Russian Federation.